London afternoon: Footsie goes flat
17th Sep 2010 14:45
The afternoon session has seen Footsie heading backwards and even dipping below last night's level at one stage, and with company news thin on the ground the temptation for traders to make an early start to the week-end must be high. Invensys has been usurped from its position as best performing bl
Read moreLondon midday: Prices come off the top
17th Sep 2010 12:27
Having enjoyed a brief foray above 5,600 Footsie has slipped back below that level as miners come off the top, though the index remains in positive territory on the day. Invensys leads the way overall after the engineer became the exclusive supplier of railway signalling to Chinese rolling stock ma
Read moreEx-Tomkins man is new Xchanging CFO
17th Sep 2010 07:48
Business process outsourcing specialist Xchanging has found a replacement for Richard Houghton, who will be quitting as chief financial officer next month. Houghton's replacement is Ken Lever, who will join the Xchanging board on 5 October 2010. Lever was previously chief financial officer and vic
Read moreLondon close: Footsie soars as earnings impress
2nd Aug 2010 16:51
Footsie posted triple-digit gains as strong earnings here and elsewhere cheered investors. HSBC gave the banking sector a lift. The global banking giant's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges
Read moreUK SMALLCAP ROUNDUP: President Petroleum Co Ups Reserves
2nd Aug 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PRESIDENT PETROLEUM CO. PLC (PPC.LN), an oil and gas explorer, Monday increased its reserves in the U.S. more than four-fold to 12.9 million barrels of o
Read moreFTSE 250 movers: Xchanging warning spooks market
2nd Aug 2010 15:20
Business process outsourcing specialist Xchanging falls sharply after it warned that revenue growth for the full year will be slightly lower than previously anticipated. Shares in Tullett Prebon are higher. The raid on staff by rival BGC in the second half of last year cost the inter-dealer broker
Read moreLondon afternoon: Triple digit rise for Footsie
2nd Aug 2010 14:20
The Footsie is sitting on a triple-digit gain though the benchmark index has largely traded sideways since 9:30 this morning when the purchasing managers index (PMI) for UK manufacturing was released. The index showed that activity in British factories grew at a slower pace in July, but the decli
Read moreBroker tips: Xchanging, Tullett Prebon, British Airways
2nd Aug 2010 13:05
Shares in Xchanging fell out of bed with a bump on Monday morning after the business process outsourcing (BPO) specialist warned that revenue growth for the full year will be slightly lower than previously anticipated. On a day when virtually every other FTSE 350 stock was heading northwards, the s
Read moreUK SMALLCAP ROUNDUP: Management Consulting Sees More Debt Cut In 2H
2nd Aug 2010 12:29
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MANAGEMENT CONSULTING GROUP PLC's (MMC.LN) net debt is expected to fall by as much as 20% in the second half, Finance Director Craig Smith said Monday, a
Read moreLondon midday: Banks set the pace
2nd Aug 2010 12:14
Banking shares drove London higher in the morning session after better than expected figures from global banking giant HSBC. HSBC's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges and other credit risk
Read moreUPDATE: Xchanging 2010 Revenue Growth To Miss Own Views
2nd Aug 2010 11:17
(Adds executive and analyst comments, share price.) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Business outsourcing company Xchanging PLC (XCH.LN) Monday said it expects full-year revenue growth to be slightly lower than previously anticipated as its customers remain c
Read moreBroker snap: KBC keeps faith with Xchanging
2nd Aug 2010 11:15
Shares in Xchanging fell out of bed with a bump on Monday morning after the business process outsourcing (BPO) specialist warned that revenue growth for the full year will be slightly lower than previously anticipated. On a day when virtually every other FTSE 350 stock was heading northwards, the sh
Read moreUK SMALLCAP ROUNDUP: Zimbabwe Investment Co Eyes $25M AIM IPO
2nd Aug 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MASAWARA, a Zimbabwe-focused investment company, Monday said it is aiming to raise $25 million in an initial public offering on London's junior Alternat
Read moreLondon open: Strong start for Footsie
2nd Aug 2010 08:53
Banks and miners are in favour this morning, helping Footsie make a bright start. The banks' interim results season kicks off later today with HSBC's first half figures and predictions at the weekend were for strong numbers across the sector. Lloyds, Barclays and Royal Bank of Scotland are all hig
Read moreMatchtech Group Signs Contract Extension With Xchanging, BAE Systems
2nd Aug 2010 08:24
LONDON (Dow Jones)--Matchtech Group Plc (MTEC.LN), a specialist in technical recruitment announced Monday the signing of an extension to its contract until the end of December 2012 with business process outsourcer Xchanging Procurement Services Ltd (XCH.LN) and its client BAE Systems Plc (BA.LN).
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